Over the next 25 years, the U.S. will become a global energy powerhouse. That shift will reshape geopolitical power.» Read More
LONDON-- A U.K. watchdog has launched its biggest-ever investigation into police actions, opening a new inquiry Friday into the 1989 Hillsborough stadium disaster that left 96 fans dead and whole communities angry over a decades-long police cover-up.
BRUSSELS, Oct 12- China has expressed concerns about a potential EU investigation of telecom equipment makers Huawei and ZTE Corp over illegal subsidies, a European Commission official said on Friday.
COMPANIES Q3 2012 Citigroup Q3 2012 Gannett Co MACROECONOMIC DATA 1230 US Retail Sales 1400 US Business Inventory Reuters messaging rm:// email@example.com.
*EU diplomats approve new Iran sanctions. BRUSSELS, Oct 12- The European Union provisionally approved substantial new economic sanctions against Iran over its nuclear programme on Friday, with senior diplomats giving their backing to measures against Tehran's banking sector and industry.
LONDON, Oct 12- Peripheral banks unwilling or unable to lengthen their maturity profiles are building up a redemption hump which they will have to face just as billions of euros of cheap ECB money is coming up for repayment.
Oct 12- Fitch Ratings has downgraded The Co-operative Bank plc's (Coop,' BBB+'/ Rating Watch Negative/' F2') GBP600m mortgage covered bonds to' AA+'/ RWN from' AAA'/RWN.
Oct 12- Fitch Ratings has downgraded Yorkshire Building Society's GBP1.8bn mortgage covered bonds to' AA+', Stable Outlook from' AAA'/Rating Watch Negative.
Benchmark oil fell 21 cents Friday to $91.86 per barrel in New York. On Friday, the International Energy Agency issued a new report predicting slower growth in demand for oil over the next five years. Friday's decline in the price of oil eroded some of the gains from earlier this week, when tensions between Syria and Turkey raised worries about supplies.
GM and Peugeot both declined to comment on the report, which also said the U.S. automaker could inject more cash into the joint venture. " We haven't commented on previous reports and we're not going to on this one, " Peugeot spokeman Jonathan Goodman said.
*British Gas prices to rise 6 pct from Nov. 16. LONDON, Oct 12- Two of Britain's biggest energy suppliers are raising their prices just as millions of cash-strapped consumers switch on their central heating for the winter, saying higher costs made the move unavoidable.
ISTANBUL, Oct 12- Hopes that Turkey's credit ratings will be raised to investment grade buoyed local assets on Friday although a central bank warning that inflation is set to remain above target dampened some investor enthusiasm.
By Luke Baker and John O'Donnell. It was prepared by Herman Van Rompuy, who as president of the European Council will chair a European Union summit next week.
*Wells Fargo weighs on financials. The Thomson Reuters/ University of Michigan's preliminary October reading on consumer sentiment rose to 83.1, well above the 78 forecast for the index as optimism about the economy improved. Wells Fargo, the biggest U.S. home lender, dropped 2.5 percent to $34.40.
ISTANBUL, Oct 12- Turkish petrochemicals maker Petkim has begun talks with the state oil company of Azerbaijan about construction of a coal-powered steam generation plant, Petkim said in a statement on Friday.
Shares of JPMorgan Chase and Wells Fargo& Co. both fell after they released their results, even though JPMorgan posted record profits, prompting Canadian financials to follow suit, dropping 0.2 percent. Bank of Nova Scotia was down 0.3 percent at C $53.31, and Toronto-Dominion Bank was 0.2 percent lower at C $80.85.
MOSCOW, Oct 12- TNK-BP will appoint its former head of power and gas to run the upstream division after the departure of Alexander Dodds, two sources close to the Anglo-Russian oil venture said on Friday.
By Maya Dyakina and Zlata Garasyuta. MOSCOW, Oct 12- Russian stocks ended the week in the red with miners pressured by concerns over the global economic outlook and as investors stocked up with cash ahead of public share offerings. Metal and mining companies were in the firing line, with Novolipetsk Steel.
*FDA staff found 3 concerns, but safety restrictions not needed. "There was, on a consensus basis, a little apprehension about what the safety questions would be and these documents make it pretty clear that the FDA is not overly concerned or views these risks as significant," McNicoll, Lewis& Vlak analyst Ed Arce said.
*Telefonica to provide 110 mln euros in vendor financing. *Telefonica shares flat vs lower Spanish index. MADRID, Oct 12- Spain's Telefonica is selling its Atento call centre business to U.S. private equity firm Bain Capital for about 1 billion euro, including debt, as it battles to reduce its borrowings.
LONDON, Oct 12- Britain's main financial regulator will decide what activities the country's retail banks are able to carry out under a new reform aimed at shielding taxpayers from having to bail out the industry again.